Resolution - #93-01-007 - 01/12/1993

Home

I Io I I I I I i I I I I I I I I I I I Councilmerti§er Zimmerman introduced the following resolution and moved for its adoption: i RESOLUTION #93-01-007 RESOLUTi~OI~ DESIGNATING FINANCIAL INSTITUTIONS AS OFFICIAL DEPOSITORIES OF CITY FUNDS FOR 1993 WHiEREAS, the City of Ramsey must designate certain institutions as official depositoriesi6f City funds in accordance with M.S. Chapter 118.005. NOW THEREI~ORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMS~Y,"ANOKA COUNTY, STATE OF MINNESOTA, as follows: 1) That,the City of Ramsey hereby appoints the following financial institutions as depositories of City Funds: , First Bank Anoka ' Anoka, Minnesota : First National Bank of Elk River Elk River, Minnesota Northeast State Bank Minneapolis, Minnesota First National Bank of Minneapolis M~nneapolis, Minnesota Dain Bosworth, Inc. Minneapolis, Minnesota Shearson Lehman Hutton Minneapolis, Minnesota · First National Bank of Elk River Investment Center With brokerage services provided by: Primevest Financial Services The motion fgr the adoption of the foregoing resolution was duly seconded by Councilmember Peterson and dpon vote being taken thereon, the following voted in favor thereof: Counc!lmember Zimmerman Coune|lmcmber Peterson Councilmember Beyer and the following voted against the same: None and the following abstained: CounCflmember Hardin